Weighted Average Interest Rate Comparisons
Use these calculators to determine the effective interest rate when using more than one loan.
 
Enter the Property Value or Purchase Price  
 
 
Option 1
Down Payment or Equity Position if Refi
 
 
Adjust the Loan Amounts and Rates Loan to Value Loan Amounts
  Rate   Yearly Interest
First Mortgage Loan to Value
   
Second Mortgage Loan to Value
   
Combined LTV and Loan Total
       
Down Payment Plus Loans (100%)  
       
 
Weighted Average Rate & Total Yearly Interest    
 
OPTION 2
 
 
OPTION 3
 

Sometimes, using two loans instead of one to finance your property can be a smart move:

Taking a first mortgage loan to 80% of the property value and using a second for any difference needed is a strategy often used to avoid PMI or to keep the majority of your financing at conventional limits.

However, it also pays to be aware of what the real combined rate is by properly "weighting" each loan amount and then determining the overall cost of interest. This analysis can be used to compare available options for your situation.


Hide Buttons
Menu Reset Print Email Send PDF as Email Create PDF